Alta Fundamental Advisers LLC Decreases Position in Altice USA, Inc. (NYSE:ATUS)

Alta Fundamental Advisers LLC decreased its holdings in shares of Altice USA, Inc. (NYSE:ATUS - Free Report) by 50.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 250,000 shares of the company's stock after selling 250,000 shares during the period. Altice USA makes up approximately 0.2% of Alta Fundamental Advisers LLC's investment portfolio, making the stock its 22nd largest holding. Alta Fundamental Advisers LLC owned 0.05% of Altice USA worth $602,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in Altice USA by 238.7% in the 4th quarter. JPMorgan Chase & Co. now owns 6,444,193 shares of the company's stock worth $15,531,000 after buying an additional 4,541,359 shares during the period. Bracebridge Capital LLC boosted its holdings in Altice USA by 35.5% in the 4th quarter. Bracebridge Capital LLC now owns 8,854,977 shares of the company's stock worth $21,340,000 after buying an additional 2,322,337 shares during the last quarter. Apollo Management Holdings L.P. boosted its stake in shares of Altice USA by 21.9% in the fourth quarter. Apollo Management Holdings L.P. now owns 12,192,050 shares of the company's stock worth $29,383,000 after acquiring an additional 2,192,050 shares during the last quarter. Tudor Investment Corp ET AL grew its holdings in shares of Altice USA by 331.1% during the fourth quarter. Tudor Investment Corp ET AL now owns 2,539,489 shares of the company's stock worth $6,120,000 after buying an additional 1,950,437 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Altice USA by 32.8% during the 4th quarter. Renaissance Technologies LLC now owns 4,181,200 shares of the company's stock valued at $10,077,000 after acquiring an additional 1,033,200 shares in the last quarter. Hedge funds and other institutional investors own 54.85% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Raymond James raised shares of Altice USA from a "market perform" rating to an "outperform" rating and set a $3.50 target price on the stock in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $2.67.

Altice USA Price Performance

Shares of ATUS stock traded up $0.05 on Monday, hitting $2.52. The stock had a trading volume of 3,310,111 shares, compared to its average volume of 3,196,391. The firm has a market capitalization of $1.17 billion, a P/E ratio of -10.93 and a beta of 1.65. Altice USA, Inc. has a 1 year low of $1.52 and a 1 year high of $3.20. The company's 50 day moving average price is $2.49 and its 200-day moving average price is $2.58.

Altice USA (NYSE:ATUS - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.16). On average, equities analysts forecast that Altice USA, Inc. will post -0.24 EPS for the current year.

Altice USA Company Profile

Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States, Canada, Puerto Rico, and the Virgin Islands. It offers broadband, video, telephony, and mobile services to residential and business customers. The company's video services include delivery of broadcast stations and cable networks; over the top services; video-on-demand, high-definition channels, digital video recorder, and pay-per-view services; and platforms for video programming through mobile applications.